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Dynamic economic theory / Michio Morishima

Author
Morishima, Michio, 1923-2004
Uniform Title
Dōgakuteki keizai riron. English
Published
Cambridge : Cambridge University Press, 1996.
Physical Description
1 online resource (xvi, 317 pages) : digital, PDF file(s).
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Contents
1. The method of dynamic analysis -- 2. Households' and firms' economic behaviour -- 3. Stability conditions for a temporary equilibrium: the linear case -- 4. Stability conditions for a temporary equilibrium: the non-linear case -- 5. Comparative dynamics -- App. I. Consumer behaviour and liquidity preference [1952] -- App. II. Entrepreneur behaviour and liquidity preference -- Mathematical notes: The Hirsch theorem -- Mathematical notes: The Frobenius theorem and its extension [1974] / T. Fujimoto and Michio Morishima -- Article I -- Walras' own theory of tatonnement [partly written in 1958] -- Article II -- Tatonnement in quantities: truncation, equilibration, growth [1956] -- Article III -- A contribution to the non-linear theory of the trade cycle [1958] -- Article IV -- Stability, oscillations and chaos -- Article V -- A generalization of the gross substitute system [1970] -- Article VI -- The laws of the working of the quasi-Frobenian system [1954, yet unpublished].
Summary
This book brings together in a single coherent framework a research programme begun by the author in the forties. The main model around which the analysis is built is Hicksian in character, having been drawn in large part from John Hicks's Value and Capital. The model is extended so as to include money and securities. In respect of the theory of the firm the model focuses on demand and supply plans, on inputs and outputs, on inventories, and on dependencies between them. The stability of temporary equilibrium is discussed for linear and non-linear cases. Because the concept of structural stability is important for understanding non-linear cases, it is defined and applied to the case of economic motion generated from the temporary equilibrium analysis. The addenda focus on developments in economic theory following the publication of the main model.
Subject(s)
ISBN
9780511628474 (ebook)
9780521563246 (hardback)
9780521118880 (paperback)
Note
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
View MARC record | catkey: 34847088